In this paper we present a multi-agent architecture for trading in electronic markets with asynchronous and related auctions. This architecture enables the development of a multi-agent system for a highly competitive environment, where all participants are competing for a limited number of goods. We define intelligent agent roles that tackle sub problems of trading, and present a solution for c...

In this work we combine Genetic Programming (GP) and intelligent agents to build a realistic foreign exchange currency market simulator. GP is used to express and evolve trading strategies. In the paper we analyse the decisions made in the design of the simulator with respect to authenticity of the representation and the efficiency of the system. A number of experimental results are also reported.

As e-commerce becomes common a large number of Internet-based systems has been developed to assist users in different aspects of electronic trading. In particular systems that use software agent technologies are proving to be effective in supporting and automating various stages of the trading process (e.g. product finding, supplier finding, product ordering, delivery monitoring etc). More rece...

Abstmct. l’he growth of alternative trading systems that compete with established stock markets will have profound fleets on many securities exchanges and their nltmlber jhs. New screen-based markets match investors ’ orders directly without the involvement of a broker or a dealer, saving intermediation costs such as the bid-ask spread and broker commission costs. Competing market makers operat...

The Special Issue of the Journal of Information Technology Management (JITM) is publishing very selective papers on information management, technology in higher education, integrated systems, enterprise management, cultural thoughts, strategic contributions, management information systems, and cloud computing. We received numerous papers for this special issue but after an extensive pe...

Emissions trading systems as a means of air pollution control have been developed in recent years to address some important limitations of traditional command and control environmental regulation. Trading systems address many of the inefficiencies of command systems and may promote cost-effectiveness by introducing flexibility and providing incentives for sources with lower control costs to und...